Commercial Real Estate & Business News February 4, 2019

Competition Heats Up as More Builders Shift to Affordable Homes in Valley
Competition is going to get hot and heavy in 2019 among homebuilders in the Valley, as they duke it out for a piece of the affordable housing market. More homebuilders are making a concerted effort to build for first-time homebuyers, shifting away from move-up homes. In a Jan. 31 fourth quarter 2018 earnings conference call,…»
CBRE: Phoenix’s Growth Shows No Signs of Slowing
CBRE has released its 2019 Phoenix Market Outlook report, which highlights the performance of the Phoenix commercial real estate market during 2018 and predicts how key trends will impact the major commercial real estate sectors in the year ahead. “The Phoenix market continues to perform well overall,” said Paul Komadina, Senior Managing…»
Retail-to-Industrial Conversions Are Gaining Traction with CRE Investors
With e-commerce and reverse logistics continuously increasing the need for industrial space, investors focused on other property types are shifting toward industrial real estate, notes Ross Litkenhous, Washington, D.C.-based global head of business development at the Toronto-based Altus Group, a global provider of commercial real estate software,…»
ABC: Construction Employment Surges to Start Year
Construction employment expanded by 52,000 net new jobs in January, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. Industry employment is up by 338,000 net jobs on a yearly basis, which represents an increase of 4.7 percent. Nonresidential construction employment grew by…»
Phoenix Healthcare Elevated to Core Market
The Phoenix healthcare market is poised to see strong investment demand in 2019. Significant population growth in the metro has been the catalyst for significant medical office activity. Last year, medical office leasing activity was among the strongest in the nation with rental growth that far outpaced the national average. It’s no surprise that the…»